RUNNING WITH EQUITY RETAIL

WITH DAVID GOODMAN

David Goodman | Feb 07, 2012 |

Giant buys two supermarkets in the Baltimore area

Giant said last week that it has reached an agreement with Natural Market Restaurant Group to buy two Fresh & Green’s stores in the Baltimore area. Both stores were among the eight Fresh & Green’s branded stores that Natural Market Restaurant Group bought from A&P last year. The transaction could close as early as tomorrow, […]

David Goodman | Feb 01, 2012 |

Warm January favored restaurants, not supermarkets

According to Planalytics, this January in the Philly area was the third warmest in the last 50 years. The weather favored restaurants and “broadline sellers and home improvement retailers, and punished softline retailers selling winter apparel.” The company said it was a mixed bag for supermarkets, who experienced less “pantry loading” than last year without the […]

David Goodman | Jan 27, 2012 |

ShopRite, with $1.7 billion in sales, leads Philly market in 2011

Last Friday the Philadelphia Business Journal published the list of top companies in Philadelphia’s eight-county area selling groceries, health- and beauty-care products, general merchandise and tobacco products, as compiled by the Food Trade News. Here’s the list: 1. ShopRite – 43 stores with sales of $1.7 billion 2. Acme – 69; $1.57 billion 3. Giant […]

David Goodman | Jan 23, 2012 |

Fourth quarter sales up 5% at Ahold USA

Giant and Stop & Shop parent Ahold USA reported that fourth quarter sales were up 5% compared to the same period one year ago. Total sales for the company’s three divisions – Stop & Shop, Giant-Landover and Giant-Carlyle – were $5.9 billion for the quarter. For the full year, Ahold USA sales increased 6.6% to […]

David Goodman | Jan 23, 2012 |

Wegmans leads supermarkets on Best Companies to Work For list

Four supermarket retailers were named to the annual 100 Best Companies to Work For list published last week by Fortune Magazine. Wegmans ranked fourth on the list, followed by Whole Foods Market at #32, Nugget Market (CA) at #34, and Publix Super Markets at #78. Google topped the list, which also included retailers REI (#8), […]

David Goodman | Jan 23, 2012 |

Delhaize to eliminate Bloom, open 7 Bottom Dollar stores this week

In separate announcements last week, Delhaize Group, parent company of Food Lion, Bottom Dollar and other supermarket brands, reported that it will eliminate the Bloom brand and open 14 new Bottom Dollar stores in the greater Pittsburgh, PA and Youngstown, OH markets in the next three weeks. The company currently has 49 Bloom locations, 42 […]

David Goodman | Jan 12, 2012 |

Supervalu reports quarterly loss of $750 million

Supervalu reported a net loss of $750 million – or $3.54 per share – for the quarter ended December 3, 2011. The loss for the same quarter one year ago was $202 million. Sales for the quarter ended December 3 were $8.3 billion, compared to $8.7 billion for the comparable quarter one year ago. Supervalu brands […]

David Goodman | Jan 12, 2012 |

Delhaize closing 126 Food Lions (2 in PA)

Delhaize America announced this morning that it plans to close 126 under-performing stores in this year’s first quarter as part of its “new game plan which is aimed at accelerating profitable growth.” Stores set to close include 113 in the Food Lion chain, 7 in the Bloom chain and 6 in the Bottom Dollar chain. […]

David Goodman | Jan 11, 2012 |

A&P to close 14 stores, including one Pathmark in PA

In the past year, A&P has closed about 60 stores as they make plans to emerge from bankruptcy. And on Monday, 14 more closures were announced. The only Pennsylvania store slated to close is the Pathmark in Upper Moreland (Huntingdon Valley). The other stores include the following: Three NJ Pathmarks (Manahawkin, Kearney and Egg Harbor Township) Six NY Waldbaums and one NY Pathmark Two NJ […]

David Goodman | Jan 06, 2012 |

The Genuardi's list - sold, closing and still for sale...

The news of the sale of 16 Genuardi’s stores to Giant is old news already (it was announced yesterday after months of rumors). Giant (Ahold USA) is paying $106 million in a sale that is expected to close later this year. Safeway, which operates more than 500 stores nationwide under banners such as Safeway, Vons, Dominick’s, […]

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